China’s Fintech Giants Can Keep Growing Even in a Slowing Economy
Ant Financial, Tencent, CreditEase, Lufax. These are all 21st century fintech giants that have helped make China the most progressive country for fintech innovation on the planet. They have all raised huge amounts of capital and are meeting the pent-up demand of Chinese consumers for fintech services. Chinese regulators have become concerned about the potential risks to the financial system so have implemented a series of curbs that may slow the growth of these fintech giants. But these companies have diversified offerings helping them to weather any slowdown. Source.